How to buy crypto at Deutsche Bank (2022)?
Are you wondering how to buy crypto at Deutsche Bank? In this article, you will learn how to buy Bitcoins, Ethereum and other crypto using your bank account at Deutsche Bank.
How to buy crypto at Deutsche Bank?
Step 1: opening an account with a crypto exchange
Before you can invest in crypto with Deutsche Bank, you need an account with a crypto exchange. A crypto exchange is a party that can exchange money for crypto on behalf of private investors. The overview below shows you directly which parties you can join:
| Brokers | Information | Register |
|---|---|---|
 | Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Deutsche Bank after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. |
It is important to open an account with a reliable & regulated party. In the past, unreliable exchanges went bankrupt, causing customers to lose all their assets.
Step 2: activate your account
With some providers, you can get started right away with a free demo. However, before you can invest with real money, you require an activated account. For this, you need to go through the following steps:
- Upload a copy of your passport
- Upload proof of your address, such as an energy bill
- Answer questions about your experience with investing
Step 3: deposit money from Deutsche Bank
After your account is activated, you can immediately deposit money into the crypto exchange using your account at Deutsche Bank. Processing your deposit can sometimes take a few working days, but it usually it doesn’t take that long.
Step 4: decide which crypto you want to invest in
You can invest in hundreds of different cryptocurrencies at most crypto exchanges. Bitcoin & Ethereum are of course the best known, but these are certainly not the only options. Be sure to do your research when you want to buy a lesser-known crypto.
Step 5: buy crypto at Deutsche Bank
Then select the crypto you want to buy and enter the amount you would like to invest. With many exchanges, this is possible from as little as €1: a Bitcoin can be divided into small pieces. Press buy to send the order directly to the crypto exchange. Keep in mind that it can take a few seconds to minutes for your order to be processed.
It is also possible to use a limit order: your crypto order will then be executed only when a certain price is reached. You can for example set the buying price at $8.000. In this case, bear in mind that your order will not necessarily be executed: if the price rises and doesn’t fall down to $8,000, you won’t buy any crypto at all.
Step 6: securing your account
The biggest risk for crypto investments with Deutsche Bank is possible hacks. Every year, thousands of users lose their crypto assets. In any case, it is important to choose a strong password and to be vigilant.
If you would rather not depend on the crypto exchange, you can decide to send some of the crypto to an external wallet. With an external wallet, you own the access keys, giving you 100% control over your assets. One reliable wallet you can use is the Trust Wallet.
Step 7: selling your crypto
It is wise to regularly evaluate your crypto investments. Do you think it’s a good time to sell your crypto? In that case, you can immediately place a sell order via the crypto exchange. You can then have the money in your crypto account transferred back to your bank account at Deutsche Bank.
What is Deutsche Bank’s stance on crypto?
Deutsche Bank is one of the most crypto-friendly banks in Germany. For instance, they pay a lot of attention to the future impact of crypto on the life of the average citizen. They also discuss at length under which conditions crypto could function as ‘digital gold’ in the future. For this to happen, the cryptocurrency’s volatility would have to decrease significantly, as Bitcoin currently doesn’t work well as an inflation hedge.
Deutsche Bank also has plans to act as crypto custodian. All this suggests that Deutsche Bank doesn’t have a negative stance on crypto. Therefore, in the future, it might become possible to buy & sell Bitcoin through the bank. Until then, you can fortunately trade crypto without any problems using a crypto exchange in conjunction with Deutsche Bank.
Bitcoin strategy for Deutsche Bank
It is wise to decide for yourself which Bitcoin strategy suits your personal situation best. Personally, I am a big fan of dollar cost averaging: you then buy crypto at different times for a fixed amount. This allows you to achieve an average return on crypto, and you don’t have to worry about when you should buy.
Active speculation is of course also an option; you can then speculate on both falling and rising crypto prices. This does require a high skill level, which means that this strategy does not fit everybody equally.
What is Deutsche Bank?
Deutsche Bank AG is based in Frankfurt and is tradable on both the Frankfurt and New York stock exchanges. This large multinational operates in 58 countries worldwide and has a strong presence in Europe, South America and Asia. Globally, Deutsche Bank is the 21e largest bank and within Germany, it is even the largest bank.
Deutsche Bank has a mediocre reputation because of several scandals. When it comes to crypto, however, Deutsche Bank seems to be a trustworthy party, as they do not simply block the accounts of customers who invest in crypto.
Can you buy Bitcoin at Deutsche Bank?
It is not possible to simply buy Bitcoin from Deutsche Bank, as they do not yet offer this option. However, by linking your Deutsche Bank account to a crypto exchange, you can invest in Bitcoin and Ethereum without any problems.
